What a backdoor Roth IRA is and how to use it A backdoor Roth IRA essentially lets you convert your nondeductible traditional IRA contribution to a Roth IRA.
Becoming the 401(k) millionaire next door The amount of retirement millionaires continues to grow, according to Empower data, with 9.1% of Americans falling into this category of retirement savers.
Roth IRA 2024 and 2025 contribution limits Roth IRAs can be great investment avenues for long-term savings, but there are several rules to be aware of prior to contributing to this retirement account. Here is a rundown of contribution limits and other key considerations.
Is social security taxable? Is your Social Security income taxable? The answer isn't exactly a simple one.
Home sweet home: A majority of Americans want to age in place The U.S. is approaching a big demographic shift, and it’s already starting to reshape how people think about living as they grow older.
How much should I save for retirement? It might be the most common question asked by retirement savers: How much money do I need to save for retirement?
How $500, $5,000 or $50,000 can power your financial future Check out these strategies to make the most of your money whether you’re looking at a windfall of $500, $5,000, $50,000 – or anywhere in between.
Retirement plan withdrawals Whether you’re getting ready to retire or considering a pre-retirement withdrawal, it’s important to understand the rules for each withdrawal type.
Spousal IRA: What it is and how it works A spousal IRA can be an excellent way for stay-at-home parents, homemakers, and other spouses without their own income to prepare for retirement without having to rely solely on their spouse’s retirement accounts.
Unraveling the 403(b): Eligibility, withdrawal rules & taxes A 403(b) plan is similar to a 401(k) plan with a few exceptions. Here's how 403(b) plans work, as well as the pros and cons of investing in this type of retirement plan.
Required minimum distributions (RMDs) Required minimum distributions (RMDs) require retirees to start withdrawing money and paying taxes on withdrawals when they reach a certain age. Learn how to calculate your RMDs.
Roth vs. traditional IRAs: Which should I choose? Two common types of IRAs are Roth IRAs and traditional IRAs, which have similar contribution limits but differ when it comes to their tax advantage. Which should you choose?
